Economy

More Than Two-Thirds Of Americans Think Romney’s Carried Interest Tax Loophole Is ‘Unreasonable’

CREDIT:

A new Bloomberg News poll released today shows that 68 percent of Americans believe the “carried interest” tax loophole — which lets wealthy money managers, including GOP presidential hopeful Mitt Romney, dramatically lower their tax rates — is “unreasonable.” Just 17 percent of respondents said the policy was reasonable. In the last two years, this loophole has reduced Romney taxes by $2.6 million. Closing the carried interest loophole could raise $10 billion in revenue over 10 years.